Exi Kraty sed by - INDUSTRIES LIMITED www. safalniveshak. com (Vishal Khandelwal) LEADING WITH ENERGYMost imp. ting ~& business MusT do ire) ecu Fa CRT CSET Ge nee ——— WE LEAD WITH ENERGY AND _ INFUSE DYNAMISM FOR A NATION ON THE MOVE.ucts cover a wide spectrum of hing people's lives across lobally. We are also Our prod applications, touc more than 39 countries gl the largest power Storage solutions company in South East Asia. a ee | from our core values. & 5 Personal Integrity & Commitment Providing credible value addition to customers, employees and shareholders, while simultaneously] being recognised by societyasa = responsible corporate citizen. In addition, achieving operational excellence while addressing and taking steps towards ‘environmental protection Ty Strive to carefully balance the interest of all stakeholders; to fulfil aspiration ‘of the employees and to passionately. pursue excellence without deviating (oo ta Fundamental axioms that the organisation believes in and which the: people respect and work towards. Customer Orientation ~ Teamwork and Mutual Support Employee Development and Involvement ‘striving for Excellence ~ Management by Processes and F + Responsible Corporate CitizenshiP=| Ta Case you trough it ° WIDE RANGE OF APPLICATIONS! Obewk er ce — a a E AUTOMOTIVE TWO WHEELERS OTHER AUTOMOTIVE + Passenger Vehicles + MC Conventional + Ltlon Hybrid Vehicles + Automotive Stop Start + Motorcycle MF + Generator Starting + commercial Vehicles + MICRA, + Flat Plate GEL + Tractors +E Bike MOTIVE POWER ‘STANDBY RAILWAYS + Power + Train Lighting & Air-Conditioning + Telecom + electric Multiple Units + uPs + Diesel Loco starters + miner's Cap Lamp + inverter + signaling & Telecom + Submarine ~ Type Il a NON CONVENTIONAL ENERGY + Solar Statutory Reportssine ® AR? Amayor Rap A DECADE IN RETROSPECT CAB =I Ms gales - 147. (Ruma Raja 314) Nek probit - 217. (AR ~ 397.) Hghest ia 19, 17% Growth in Operating Profit (EBIDTA) 20% Growth in Net Profit 9g 5% irowth in Market pitalisation 0% fowth in Revenue 20% Growth in PBT th Figures indicate CAGR 4 yeous 2005-06 2006-07 2007-08 2006-09 200570 2o1on mori 2002-3 20044 /EREE "se ae oom san 101155250 28h 766mg NTSB aT NNSA rr 1343-207" 330 355 6.69 784 SA 615 573 642 tale stet Net Fixed Assets** 408 455 565, 653, 685, 8% 967 1028, 1025 168 Investments m9 8 58 668 1335, 1378 1555, 1640, 1967 1896 ieee pea eT ed va atbity 3 6 6 4 8 8 8 8 me os iBook Value Per Share (Rs.) *** 6n 87 237 G2 57% 3194 «= «36.67 39994362 AA ee ee eS LSS SD TO yw ang- 267. (AR OFF) Se S-yrowg- 147. (AR-24/-) | adie Roe 30-5] 30-3 | 26-8 HAR CaM & 2x ROE of Eide é z g 6 Financiat StatementsBle 7 Highest eut ca l0yys. Does it suggest lock of pews +o avert mw cove buses ? But AR is investing ow Lot (payout of 457)? DIVIDEND PAYOUT \ CONTRIBUTION TO THE EXCHEQUER (as % of PAT) (sin crore) ‘aA 4 06-07 ERE, 731 05-06 SHAREHOLDERS FUNDS EARNINGS PER SHARE (fs. in Crore) (Rs) CUE, 6.69 KOUTA 7.84 ee, 5.42 EEA 615 oe, 573 SSE 6.42 SE, 3.30 OMA, 3.55 tem 134 wma. 207ning of plant at increased ABM Ceylon toryana holding to 61% iv Company in UK~ | « formed with 519% | holding 3] é A roy 50% acquisition of Exide <=increased shareholding j 51% acquisition of Chloride Life Insurance Compal to 100%in Chloride Power | / / Alloys india Limited € Limited systems & Solutions Limited A Ha at £2100% acquisition of | Haldia 7 ride Metals Limited zg = zy Increased shareholding to | <2Requisition of first home: 100% in Chioride Alloys india / / UPS manufacturing facility Limited J atRoorkee Ahmednagar facility for | Mc batteries commenced production: ‘Acquisition of Second Home <) Acquisition of remaining UPS manufacturing facility at 50% shareholding in Exide 4tWs Haridwar ere see i Espex Batteries, UK became wholly-owned subsidiaryMoAT! (pyainst umovaamized player) LEADERSHIP THROUGH TECHNOLOGY COLLABORATIONS ——s, Corporate Overview oo Statutory Reports 4 cvectric GROUP ee + Part of Hitachi Group Japan BED D Ncchion, + For automotive and industrial segments ZSEURUKAWA + For automative batteries at Taloja factory + For technical collaboration and assistanceefficiency and superior qu 's industrial and me ong back-up from our R&D: ently innovating new produ ng our existing p ‘ons. Our achiever Automotive ‘Matrix, Mileage, Champion, hampion, Boss (niche) ~ Automotive «© Bikerz, Xplore, Xtreme, Boss (niche) ~ Two wheeler range Industrial « Premium Segment: Launch of Tubular Gel Batteries for Tetecom/Solar + UPS Segment: AGM PowerSafe Plus Range ‘© UPS Segment: Exide ECO model in the economy segment and Exide XPRESS model in the premium segment of LKVA range. Launch of HKVA range from 2KVA to T2KVA «Home UPS Battery Segment: INVAMASTER and TUBEMASTER range ‘Solar Segment: Solar Blitz in the economy range—\\——__— W GETTING CLOSER BY REACHING FURTHER t domestic, as well as global presence through Gish enieenstesl vite} bution network. Our channel partners have our strategically placed distri steadily deepened and widenet thereby increasing the visibility and d their customer engagement initiatives, popularity of our brand. — AUTOMOTIVE We have one of the robust networks of authorised Elevating customer Servs chip outlets, which distributors and dealers, driving higher growth across. Exide Care represents our flags Sir eniaenn eat “Various markets. Our tertiary distribution network reinforce our commitment to Sup Oe comprises garages called humsafar partner network. ‘and service. These outlets offer au poe ee We have a dedicated dealer network for heavy through our wide range of products. raed commercial vehicles (C Dealer network) and tractor are designed to maintain specified service standards ang ‘owners (Kisan dealer network). Our web-based CRM offer complete customer delight and experience: of the initiative (exidereachout.com) enables customers to brand through a combination of state-of-the-art design, register their batteries online with paperless warranty pleasant ambience, cutting-edge service technology and programmes, among other features. custamer focus. { Project Kisan is our on-going initiative to build an eriguring relationship with customers, especially in rural areas, This service is offered free of cost when a team “Of company officials visits the villages and provides servicing for tractor batteries, irrespective of the brand, Project Highway is our another on-going service “Programme fo serve the truck segment. Under the scheme, we provide battery servicing facility on highways, which are availed by truck drivers. To further strengthen our reach and deepen our penetration, we have to undertake initiatives for the influencers in the distribution network Mont [ Gxtyy Beuniens —T os 15,500+ 14,2504 7754+ Deep market penetration Tertiary distribution network through dealers through Humsafar outlets. Exide Care outlets and another 875+ will get added in the near futureAutomotive = oe sacturers and afterm: te to major vehicle manufer we exide, SF and Sonic, among motive nt primarily includes sale to major vehie facture nes ike EXiCe, Autamote sognent inary ete ei ae OT eg Oo Eee ray other We J and nic brands fr the OT re submarine batteries n Dynex, Index We also manufactu many athers. We concentrate or motive OEM and ail significant market share of auto’ organised Feta! ‘OUR CLIENTS (NM wai oe Me) Key MNC Customers & @ 2 & aS wyuncAt HONDA @ &£ @ Key Domestic Customers ot Mw Mahindra TATA ox OUTLOOK We nave clear cut goals and our competition is growing day by day in terms of organised sector. he unorganised aoa scarily Iesing market share. Our strategies are to ensue that we enhance our market share, Our strstesics revolve around products, pricing, placement and promotion. Industrial ’ Our industrial segment includes sales to power back- a up equipment (UPS and inverters), traction equipment 2 (forklifts, golf carts, electric vehicles), infrastructure sector (railway, telecom, solar, power generation and utilities) and exports (traction and standby). We market t3 : Wi = [nee] VOLTAS 3 é OUTLOOK 2 Going forward, we will reinforce our position, with substantial gain in market share. The new government with & tive initiatives like Make in india, Smart Cities and Swachh Bharat Abhiyan, among others will dive the strial momentum. This positive drive will create significant demand for batteries. (Bry oppevuuty *) 2 Exide, we manufacture high-end submarine batteries conforming to the most stringent technical specifications and ality control standards. We are the country's only company to maintain a dedicated manpower to manufacture such & oecialised batteries —— z We are one of the few battery manufacturers who are capable of manufacturing submarine batteries for a wide range of submarine Gesigns, such as Russian (Foxtrot/ Romeo! Kilo/ 636/ Amur class), German (209 class), French (Scorpene class) and Indigenous (Nuclear powered) design submarines. Currently, we are manufacturing two sets to export to Algeria and two are in the pipeline to export to Russia (Admiralty shipyard). Our batteries for Russian submarines are certified by Russian design agency ‘Rubin’, as compliant to norms Our manufacturing faciity has ISO 9001:2008, ISO 140012004 and OHSAS 18001:2007 certifications.BEING RESPONSIBLE - At Exide, through our dealers we buy back old batteries from our customers and recycle them in smelters in various parts of the country. ve have two modern and hi-tech lead smelters (100 per cent subsidiaries), one near Bangalore (Chloride Alloys) and another near Pune (chloride Metals), where we recycle old batteries. We also use third party smelters in the country’s other parts, where old batteries procured by us are recycled and the lead is sold back to us in ingot form. rane on, capeain?) Annual Report 2a ___——__ — =] i‘ weiadive ) SMELTING UNITS iz is Limited cies Location : Pune ou Capacity ~ $4,000 Mt pa Location ; Bans Capacity - 114,000 Mt p.a.¢ Annual Report 2014.45 ; Wy DIRECTORS’ REPORT TO THE SHAREHOLDER (including Management Discussion & Analysis) present the 68th Annual Report ofthe Your Board of Directors are pleased to for the year ended March 31, 2035 Company together with Audited Accounts ECONOMIC ENVIRONMENT The national economic environment remained challenging during the financial year 201415, although on the face of it, economic growth accelerated to 74 percent, agriculture sector showed a de-grouith of 11 percent during the scat This was attributed to erratic monsoon which affected the summer crop. The impact of this was felt in the food grain production which shrank by 32 per { cent as compared to the previous fiscal ! Some acceleration was noticed in industrial growth rate which grew by 59 percent, aided mainly by 68 percent growth in manufacturing. Production of capital goods expanded after a continuous three years in the red. But consumer durables recorded a negative growth of 3.2 percent. However, there was good news on the crucial inflation front, which had @ devastating effect on the economy in the previous few financial years. Policies: Gndertaton atthe Coil level seer to have had a positive effet on inflation Cantal sipendtue is now expected to see some momentum, Rupees Seongth eds the dollar was ested during the face. However, ea price ontnved to be stable in the interatonal markets The economic outlook for the financial year 2015-16 looks positive. Gro domestic product (GDP) is expected to grow to 78 percent on the expectation of improved performance in industrial as well 2s service sector. Structu bottlenecks are expected to be addressed at 2 policy making level leadi to improvement in the external demand, Supportive monetary policies and a pickup in capital expenditure ae likely to give a boost to the Indian economy. INDUSTRY STRUCTURE & DEVELOPMENT INSPITE OF THE COMPETITIVE MARKET onions, YOUR COMPANY CONTINUES In the industrial battery segment, 2014-15 was a good year with impressive [TO REMAIN THE PREFERRED SUPPLIER TO Ost OF THE VEMICLE MANUFACTURERS growth recorded across infrastructure, FMIB and Export markets. 3 | In THE COUNT i: \ ma ZMterwowkex sales COMPANY PERFORMANCE Automotive Batteries sales of Au ries ha “rate of 10% by value in 2014-15 Tevous year. The afte ‘batteries witne: in units from the previous year. n the two wheelers aftermarket, the growth rate during the year was nearly 11% Sale of the ‘how ‘lower by about 2% in units during the year. in the OEM two wheelers, the Company witnessed a growth rate of Se in sales as compared to that of previous year. Inspite of the competitive market conditions, your Company continues to remain the preferred supplier to ‘most of the vehicle manufacturers in the country, Industrial Batteries Of Industrial batteries 's a very impressive ‘growth of 24%! from the previous year. Almost all the segments contributed towards this effort. Major inroads were made in the telecom segment not only through aggressive marketing but also through introduction of newly developed products, There was a partial resurgence in the market for Industrial Ups battery segment although the growth is still below expectations. Quality improvement and product re- design have helped immensely in creating a preference for your Company's products in this segment. New range of products introduced in the Home UPS segment have been well received in the market and Contributed towards a robust growth as compared to last year, mainly through increase in market share. Submarine ‘Sale of submarine: batteries for: the ‘FY 2014-15 also \tesofted ansmpressive-gronaburaterofabo uty mang ins > OGM 2 “So goed de see Hus Home ups, The two Home UPS manufacturing Units acquired by your Company in the state of Uttarakhand have stabilised in terms of manufacturing capability and quality. The Products manufactured by your Company based on Superior ‘sine-wave technology have been very well received in the market, resulting in expansion of sales, Your Company has also commenced manufacture of HKVA range of inverters for both domestic as well as export markets, Exports “The Export of Automotive Batteries recorded a remarkable) pared to the previous year, whereas the gumiestsineeteasinnscansone ces ‘as compared to the previous year. ‘The Automotive growthis accredited to the quantity growth Of 45% for 4-wheeler batteries and 100% for motorcycle batteries in Bangladesh and Sri Lanka, whereas the Industrial growth is primarily due to extraordinary growth of 240% in Standby Business mainly due to focussed and enhanced activities in African continent, where your Company grew by 139%. |Successfulmew inroads were made for export of industrial Batteries UAE, Cyprus, Kuwait, Yemen, Egypt tay, Peru, ‘Home, Details of activities febating to exports is given as per Section 134 (3)(m) of the Companies Act 2013, which is annexed herewith mark}d as “Annexure Net jpet on "waiont oo. margins Statutory Reports Corporate Overview Financial Statements.« sublect © approval of the members at the ensuing 20° "1 general Meeting, Consequently, the total dividend san’ year ended March 31, 2015 including the interim {sod 9aid Guring the year, amounts to 220% ie. Rs.220 awe strare of Re. 1/- each (Previous year 180%), «ng the year, the unclaimed dividend of Rs. 2022107 poraning to the final dividend of fnancial year ended firch 31, 2007 Were transferred to Investor Education Jed protection Fund of Government of india. The details incusing last date of claiming of unclaimed / unpaid Gridend amount are given at the end of the Notice of the ‘nnnual General Meeting ou SHARE CAPITAL The paid up equity share capital as on March 31, 2015 was fs. 85 Crores, divided into 850,000,000 equity share of face value of Re. 1 each. A) Issue of equity shares with differential rights The Company did not issue equity shares with differential rights during the financial year 2014-15, B)_ Issue of sweat equity shares The Company did not issue sweat equity shares during the financial year 2014-15. ©) Issue of employee stock options The Company did not issue stock options during the financial year 2014-15. D) Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees The Company does not have a scheme for purchase ofits own shares by employees or by trustees for the benefit of employees. DEPOSITS During the year under review, the Company did not accept any deposits from the public within the ambit of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS Pursuant to Section 186 of the Companies Act, 2013, the details of the loans given (Note nos. 14 and 20), guarantees On securities provided (Note no, 38) and investments made (Note nos. 13 and 16) by the Company during the year, have been disclosed in the financial statements. MATERIAL CHANGES AND COMMITMENTS There has been no material changes which have occurred subsequent to the close of the financial year of the Company to which the Balance Sheet relates and the date of the report, for example: Settlement of tax liabilities; Operation of patent rights; Depression in market value of investments, Institution of cases by or against the Company; Sale or purchase of capital assets; Destruction of any assets or disposal of a substantial part of undertaking; Changes in capital structure; © Alteration in wage structure arising out of trade union negotiation; and © Material changes concerning purchase of raw. material and sale of the product. ‘AUDITORS Statutory Auditors and their Report M/s 5 R Batliboi & Co LLP, Chartered Accountants, who retire at the ensuing Annual General Meeting of the Company are eligible for reappointment. They have confirmed their eligibility under Section 141 of the Companies Act, 2013 and the Rules framed thereunder for, reappointment as Auditors of the Company. AS required under Clause 49 of the Listing Agreement, the auditors have also confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India, Your Directors wish to clarify that the Statutory Auditors’ have made an observation in point no (xii) of the Annexure referred to in paragraph 1 of the section on “Report on other legal and regulatory requirements” under the Companies (Auditors’ Report) Order 2015 (CARO) regarding misappropriation of physical»stock sof batteries inthe warehouse amounting to Rs, 152) Crores by two carrying and forwarding agents of the Company during the financial year ended March 31, 2015. As explained in their observation, the Company has ‘Swo fraud | oa Corporate Overview igen Statutory Reports Financial Statementsa inaustries Limited L ‘re audit Committee of Directors are fntrusted with the rrponsivility to oversee the Vigil mefhanism, DIARIES » our company has five Indian supsidiaries viz, Chloride Nieals Limited, Chloride Alloys Andia Limited, Chloride power Systems & Solutions Limijéd, Chloride international timited, Exide Life Insurance GAmpany Limited and three foreign subsidiaries, viz. Chigride Batteries S.E Asia Pte. itd, Singapore, Espex Batters Limited, UK and Associated attery Manufacturers (Ceyfon) Limited, Sri Lanka. Chloride Metals Limited, which is a 100% subsi of your Company, is engaged in lead smelting and refining operations and has its plant at Markal, Pune. The said Company achieved a net sale of Rs. 52392 Crores which was 16% higher than the previous year and earned a profit before tax of Rs. 0.66 Crores. © Chloride Power Systems & Solutions Limited, @ 100% subsidiary of your Company having its factory at Sector V, Salt Lake City, Kolkata is engaged in manufacture and sale of battery chargers, D.C Power systems and associated equipment. During the year 2014-15, the said Company achieved a turnover of Rs. 74.6 Crores and a profit before tax of Rs. 8.04 Crores representinga decrease of 13% and 26% respectively over the previous year. of your Company has its plant at Kolar District, Karnataka and is engaged in lead smelting and refining activities. During the year 2014-15 the said Company has achieved a turnover of Rs. 689.36 Crores a5 compared to Rs, 73378 Crores in the previous year and a profit before tax of Rs. 4.89 Crores. canker “INC Vysua Life” Fagan Business A Soy. of Battery (See = My Cousol-Aated Francs) © Chloride International Limited is presently not ‘engaged in any trading or manufacturing activity and has income from rent and interest on securities. The income of Chloride international Limited during 2014-15 amounted to Rs. 0.68 Crores with a profit before tax of Rs. 0.49 Crores. © Your Company also holds 100% of the share capital in Chloride Batteries SE Asia Pte. Ltd, Singapore. The said Company is engaged in the business of lead acid batteries and caters to the South East Asian and Australian markets. During the year 2014 45, the said Company achieved a turnover of SGD 3016 million and incurred a loss of SGD 1.911 million. © Espex Batteries Limited, UK, 100% subsidiary of your Company is engaged in marketing and selling of lead acid batteries for industrial applications. During 2014-15 the Company achieved a turnover of GBP 470 million and made a profit before tax of GBP 101,640. @ Your Company also holds 615% shares in Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka. The said Company is engaged in the business of manufacturing and marketing of lead acid batteries. During the year 2014-15 the said Company achieved a turnover of SLR 194917 million and made a profit before tax of SLR 138.50 million, ‘The profit and loss accounts, balance sheet, auditors’ report and directors’ report of the subsidiaries are not attached to the annual accounts of your Company pursuant to general exemption granted vide general circular number 2/2011 dated 08022011 issued by the Government of India, Ministry of Corporate Affairs in terms of section 136 of the Companies Act, 2013. However, the necessary details about the subsidiaries are given in the consolidated financial statements attached to the annual accounts, Further any shareholder of the Company or the subsidiary Companies may obtain copies of these documents by writing to the Company Secretary at the registered office of your Company. Copies of the annual account of the subsidiaries would also be available for inspection by any such person at the registered office of your Company on any working day. busines sales & = 2 & Financial Statements¥ More could be done heve used by the Company also contains recycled paper toa ignificant extent. Also, most of the Plants of the company use recycled waste water for cleaning and atdening PUrpOSeS. BiO-Eas is also generated from canteen waste in one of the plants, principle 3 Businesses should promote the well allemployees {Pease indicate the totainumiber of employees ~ispsel 1. Please indicate the total number of employees hired on temporary/contractual/casual basis ~ 6.378 3. Please indicate the number of permanentiwomen 4, Please indicate the number of permanentiemployees 5 Do you have an employee association that is recognised by the management - Yes 2 6 What percentage of your permanent employees is members of this recognised employee association? 54% 1. Please indicate the number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending as on the end of the financial year. St [Category No of No of complaints No Icomplaints —_| pending as filed during the | on end of the 3 — financial year_| financial year 1 [child taboury Nil iforced labour/ involuntary labour 2 [Sexual Nit Nil harassment 3 [Discriminatory [Nit Nil lemployment What percentage of your under mentioned employees were given safety and skill upgradation training in the last year? © Permanent employees - 70% © Permanent women employees ~ 45% © Casual/temporary/contractual employees ~ 30% © — Employees with disabilities - Nil ‘inciple 4 Businesses should respect the interests of ind be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and rginalised Has the company mapped its internal and external stakeholders? The Company has mapped its internal and external stakeholders as follows: employees, customers, dealers, technical collaborators, suppliers, shareholders, regulatory authorities and members of the society who are directly or indirectly affected by the Company's operations. Out of the above, has the company identified the disadvantaged, vulnerable and marginalised stakeholders? The Company's factories are located in semi- urban or rural areas where many basic amenities for the inhabitants are absent or minimal. The Company has identified the inhabitants of several neighbouring villages in the vicinity of its factories as the disadvantaged, vulnerable and marginalised stakeholders. ‘Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalised stakeholders. tf so provide details thereof in 50 words or so. Depending upon the needs of the villages around the factories, the Company undertakes various social initiatives targeted at these stakeholders in the villages so as to alleviate their quality of life These activities vary from time to time and are often implemented in consultation with the local community leaders. Further several initiatives have also been taken for the benefit of such marginalised or disadvantaged sections of the society in other Corporate Overview Statutory Reports Financial StatementsRede has e industries Limited 2x no, te AR (Bisunen € Shayetrn! > brack *e Mens an a ed 1. Distribution of Sharehotdi ax’) Sut Py Range ‘olding as on March 31,2015 . No. of shares of face value sof ota aa Re. 1/- each shares J Total no. ofholders % of Total holders 319,25,788 oor econ ae2628 pe COT) oo 1000 1,29,58,912 1 2033 7 20001-30000 6387161 52 930 1.09 30001-40000 50, 62,402 a ee hed z 4900-50000 3523445 ia " ox7 : 100001 & above a oa, ™ 014 2 76746800 9029 3 Total 85,00,00,000 zs a 2 00. 100.00 85,624 (24228) 700.00 5 2 meine ting pattern ofthe Company 5. hpowaya a) mn March 31, 2015: Nathe of the Cost Auditor] : “M/s Shome & Banerjee Tate aad oes = tof Cost Accountants, ee inares_issued shares 5A, Nurulla Doctor ¢ eer Holding 39,09,54,666 45.99 Lane (West Range) ¢ oreign Institutional wagezern 53, 2nd Floor, F Investors Kolkata ~ 700 017 i Non Resident Individual 34,80,71 on Regn No: 000001 Z ‘Mutual Funds: 5,726,515. 673 a Financial Institutions, 7,84,66,478 923 Actual date of filingthe _ : August 28, 2014 Insurance Companies: Cost Audit Report & Banks For 2013-14 Public gs24e71 1003 Bodies Corporate 8554199 1007 16. Plant Locations Directors & their yo7r4 oot relatives Sate aera roel '85,00,00,000 100.00 ‘West Bengal 91 New Chord Road, Authpur, Sita ee ee ‘Shamnagar, 24 Parganas (N) - 743 128 : West Bengal Durgachak, Haldia, Dist Midnapore (E), 13, Dematerialisation of Shares arene ore gal - 721 602 ‘As on March 31, 2015, 97.96% of the Company's total retin Haryana Plot No. 179, Sector 3, HSIIDC Growth shares representing 832619346 shat cea ia s i 1d 2.04% representing * in dematerialised form an‘ ke Maharashtra D2, MIDC Industrial Estate, 1,73,80,654 shares are in physical form. Chinchwad East, Pune - 411 019 Maharashtra Plot No.T-17 MIOC Taloja Industral 4h Outstanding GDRs/ADRs/Warrants or any ‘rea, Taloja - 410 208, convertible instruments, conversion date and Maharashtra E-5, MIDC, Nagopur Taluka, likely impact on equity _ The Company has not issued any GDRs, ADRS, Warrants or any other convertible instruments. ‘Ahmednagar - 416111Annual Report 2014-15 Me New prs hos (Manet ) ANNEXURE - VI 1 Form No. MGT-9 EXTRACT OF ANNUAL RETURN | as onthe financial year ended on 31st March, 2015 [Pursuant to section 92(3) of the Companies Act, 2013 and rule 121) of Companies (Management and Administration) Rules, 2014] 1. REGISTRATION AND OTHER DETAILS: a aN + LBI4O2WBI947PLCOT4919 il) Registration Date Linay2i0 (Before ndepenclence ) iii) Name of the Company ‘Exide Industries Limited t iv) Category/Sub-Category of the Company : Public Company Limited by shares v) Address of the Registered office and Exide Industries Limited, Exide House, 59 Chowringhee Road, contact details alata 790020 —__ | ‘Tel: 033-2283 2120/50 Fax 033-2283 2642 ‘Whether listed company Yes/No 2 Yes Name, Address and Contact details of CB Management Services (P) Ltd Registrar and Transfer Agent, if any -22, Bondel Road, Kolkata 700019 i Ph: +913340116700/6729, Fax: #913340116739 t email: a@cbmsucom, Website: www cbmsLcom Il, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY All the business activities contributing 10% or more of the total turnover of the company shall be stated:- ‘SL__ ]Name and Description of main products/ NIC Code of the Product/ Service ]%% total turn over of the No._|services Company 1. [storage Battery Er a I, PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES ‘SL Name and Address of the CINTGLN Holding/ Subsidiaries] Q oF: No. | Company esvelana, ‘shares| Applcable 1 [Chloride Power Systems & ‘UzB22WETSBOPLCORTI96 Subsidiary Solutions Lrd Exide House, 59 Chowringhee Road, Kolkata 700 020 2 [Chloride Metats Ltd ‘U34300WB1998PLCI81003 Subsidi Exide House, 59E Chowringhee ay Road, Kolkata 700 020 3. | Chloride Alloys india Ltd Uosisowszo0zPicis3308] subsidiary Exide House, 59€ Chowringhee Road, Kolkata 700 020My % Tnglian govt- Tria owned by Fakestami enemy.) Annual Report 2014-45 olept. exrpowered fs ent foe ts (Teterevting Iwrignt 2 We. of Shares tthe bgnng ofthe yee sion at fon) oShares bed atthe end fe year ie ‘(as on March 31, 2015) Category of Shareholders Demat Physical Total [% of [Demat [Physical Total Total oF Total Shares i Change uring year ‘8 PUBLIC SHAREROLDING (institutions 2) Mutual Funds ) Banks/Fi ©) Central cove © state Gon ©) Venture Capital Funds Insurance Companies @ Fis 1) Foreign Venture ‘pita Funds 1) Others (specify) ‘Sub-total (BX1s- (@)Non- institutions a) Bodies corp. indian 1) Overseas ) individuals 1 iia saretolers holding nomial share ‘ait upto Rta 1 tndiduat sSareholdes holding nominal share capt inexcess of R112} ©) Others (speci) NRL ‘Clearing Member ce. ust Foreign Portfolio Investor Foreign National TouaPubi shareholding OMe ‘Total (A) +(8) (C SHARES HELD BY ‘custooian For GoRs| BaDRS 35271830] exten 109.660729) 146 628,383 58,997583) 9709243 320,903 6780) 307663 161844) 15,655,365] 684,079) 338731 Grand Total (A+B) shares asangso| 415] 52216555) ‘yoszsis| 013] 601908) 1o960%28] 1290] 77493807] | 563553) 1225, 148980912] 6,760) 2sxs29727| 3443) 204293862] 377523) ra936317} sa] 83097975] 164,844 75562946) 889) 55605970) 15713614 ro3s332| 122] 12322223) 684079) 3ioie6] 037] 306267] 33484) 37msss| 04s] 1204479) | vaases7| on] ara : 459005334) 5401) 441664680) 1238q.654) {850,000,000 100.00) 832,619,346) 17;380,654| 57216515) 97267" 77483307] 149.987672 284,670,665) as26za09 7318.84! 12806 302) 459.05 334 '850,000,000] 63 on on} sa 151 28 oo on) 028 se A Be (050)jovare nawing ouring ine year spectying the | [:"~i~ “we rierreee 1 ween feosors or ncese decease eg alltmer | POMS Storeblig cure | - lransfer! bonus/ sweat equity etc ihever —lAttthe End of the year (31.03.2015) _ 0,954,656 4599 | 390,954,666 4595 ) Shareholding Pattern of Top Ten Shareholders (Other than Directors, Promoters and Holders of GDRs and vm (nkeneshing Disclose) ‘St |Name of the top 10 Dateof | Buy/ [Shareholding at the beginning| Cumulative Shareholding No. |Shareholder of the event, Sale f vpril 1, 2014) during the year [Company (As on March 31, Noof |%oftotalshares| Noof — % of total shares 015) snares __| ofthe company |_shares of the company 1 |Life insurance Corporation lof India (a) [atthe beginning of the year 62495230 735 62195730 | 735 (b) [Changes during the year 30-06-2014 | Sale 1380751 016 81114,479 79 oi-o7-206| sale | 2375753 02 =| sessen6| 693 1072014 | Sale | suose1 009 | seovams| 6a ek SOVET [irra | se | suse | tos [Seen] Se WU | feeram) se | 22620 oot 57435230 677 a PVN 25-0720 | Sale | 1810706 02 — | ss684520] 655 i) or-08-20%| sale | 1923009 023 | sa7esis | 62 08-08-2014] Sale | 2,675,750 031 51,085,765 6.01 15-08-20] Sale | o75e43 ont sorossz2 | 530 | 22-08-2014 | Sale 14174,692 013 48,995,230 S77 09-01-2015] sale | 1305610 016 7989620| 561 16-01-2015 |_ Sale 1,096,574 013 6.593.046 AB Statutory Financial StatementsAnnual Report 2016-15 v. cinpestepness) (Nice New Ditebosure Indebtedness ofthe Company including interest outstanding faccrued but not due for payment Rs) Secured toans | unsecured Deposi ce excluding deposits| __Leans Indebtedness at the beginning of the financial year (2014-15) at the end of FY 2014-15 i) Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total (isis Change in Indebtedness during the financial year Addition i) Principal Amount ii) Interest due but not paid iil) Interest accrued but not due Reduction Net Change 92150,007 83,390.87 17554087 Indebtedness at the end ofthe financial year i) Principal Amount 92136925 83,3876: WS SU4551 ii) Interest due but not paid ; ii) Interest accrued but not due 1308: 16326 Total (isii+iii) 92,150,007 __ 83,390,870, {75,540,877 VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL ‘A._ Remuneration to Managing Director, Whole-time Directors and/or Manager: SU] Particulars of Fenner Name of MD / WD] Manager Total Nol ‘Amount. PKKataky] G Chatterjee] AK Nadeem ‘Subir Mukherjee | Kazim | Chakraborty 7 | Gross salary (a)| Salary as per provisions | 16380,000| 16560000 | 8,646,000 | 5,764,000 | ss1e000 | s2868,000 contained in section 17(1) of the Income Tax Act, 1961 4 (b] vatue of perquisites u/s | 1986996] 1978386 | 1307425 | 1 ae 17(2) Income Tax Act, 1961 \O18S38 | s756% | 5.967019 (c} Profits in lieu of salary - : : under section 17(3) Income Tax Act, 1961 2_| stock option : : cs(Rs) Total Amount PR Kataky 16 Chatterjee AK Nadeem subir 3” Sweat Equity - Mukherjee | Kazim __| Chakraborty 4 Kommission i 3 - - ~ one ot pice 8515000 | ee7500 | 4323000 | 2882000 | 2489000 | 26396500 : others, specity i = : : i 3 5 thers please specify ans : ? z . zg 146,251 & Retire ben chal 3.984.856 | 2104004 | 402669 | 1211306 | re0776 3 fotal (A)=(1+2+3+6+5) 30,926,247 | 29,910,702 | 16,380,429 | 11,067,207 | 9,794,070 [98,078,695 2 Rs. 798,281,857, ‘Sl [Particulars of Remuneration Name of Director Total No. ‘Amount. IRGKapadia | RBRaheja Mona NDesal | Way Budhirchand z Aggarwal zg 7 |ndependent directors = Fee for attending board & 330,000 - 330,000 280,000 385,000, 1,325,000 2 committee meetings a mmission 4,000,000 - sas * z 4,000,000 a thers, please specify - - = S 2 = fotal 4,330,000 330,000 | 280,000 | 385,000 | 5,325,000 2 pther Non-Executive - : : ; - - jirectors ‘ee for attending board & a 95,000 - 7 % 95,000 iat committee meetings E ‘omission : = . . : : E bthers, please specify E a 5 . * 2 2 a _ 95,000 - - - 95,000 & Fotat (8) = (142) 74,330,000 | 95,000 330,000 | 280,000 _| 385,000 15,420,000 e otal Managerial ae st ees The Act is 676710,043 (being 11% of the net profits of the Company calculated as per ieee ection 198 of the Companies Act, 2013) ja aAnnual Report 2016-15 ; ee we ANNEXURE - Vill eam 2317 x | PARTICULARS CIF EMPLOYEES PURSUANT TO SECTION 134(3) (Q) OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014 Requirements of Rule 5) ry The ratio ofthe remuncration ofeach cectar tothe median Directors femuneration of the employees of the compare forthe. MEPK KAKO? 3) (MD) feanciatyear, | Hrcautam cheterjee 233K McA K Mukherjee ix Me Nadeem Kazim ix { ‘Mr Subir Chakraborty ux The percentage increast in remuneration of each Director, Directors: Chief Financial Officer, | chief Executive Officer, Company Mr K Kataky 10% Secretary of Manager if pny inthe fnancal year ‘Mr Gautam Chatterjee 110% MTA K Mukherjee 10% Mr Nadeem Kazim 10% | Me Subir Chakraborty 10% Key Managerial Personnel: tue Supriya Coomer 10% an 5,258 employees as on March 31, 2015, company; ‘The explanation on the \relationship ‘between average Factors considered while recommending increase in fixed increase in remuneration and} company performance: compensation ~ Financial performance of the Company, ( ~ Industry Benchmarking and consideration towards cost. of living adjustment / inflation; ~ Regulatory guidelines as applicable; i ~All forms of compensation (fixed and variable) to be consistent with risk alignment. ‘Average increase in remuneration of all employees was 10% / for the year 2014-15 which is based above mentioned factors, Comparison ofthe remuneration of tit Key managerial The neeasein remuneration of rectors ad Key Manage! Personnel against the performance of te company, _yersonnelare"sighty below ithe increase in-metian (TH's higher Aran wedon far KR pop team)SETI cme Son came MY Sea at's stock Sid, Requirements of Rule S(t) Variations in the market capitalisation of the company, price arnings ratio as at the closing date of the current financial year and previous financial year and percentage increase Over decrease in the market quotations of the shares of the Company in comparison to the rate at which the company ame out with the last public afferin case of listed companies, and in case of unlisted companies, the variations in the net worth of the company as at the close of the current financial year and previous financial year; ‘Average percentiles increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof ‘and point out if there are any exceptional circumstances for increase in the managerial remuneration; Comparison of the each remuneration of the Key Managerial Personnel against the performance of the company; The key parameters for any variable component of remuneration availed by the directors; The ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year ‘Affirmation that the remuneration is as per the remuneration policy of the company Detalls Mee son March 31,2014 March 31,2018 % increase ‘Share Price: BSE: 12095 a7 NSE aus m5 sn The Market capitalisation ofthe Company has increased from RS. 10280.5 Crores as of March 31,2014 to RS 15}0450 Crores as of March 3, 2015, Over the same period, the price wang a pape ton Ea wd — 35% ‘Average Salary increase of non-manaferial employees is 8% ‘Average Salary increase of managerial employees is 11% There are no exceptional circumstances in increase in managerial remuneration ‘The comparison of the remuneration of each of the Key Managerial Personnel against the performance of the Company is as under: Directors sot Net Profit For 20144 cP K Kataky ‘coon (BY- fev ‘Mr Gautam Chatterjee 0.30% t, ) MFA KMukheriee owe ARS MD A Wagon ax oi IM Subi Chakraborty 10% ‘Key Managerial Personnel: Mr Supriya coomer 0.05% ‘The Directors and Key Managerial Personnel are entitled to variable component of remuneration by way of commission and performance incentive, based on certain performance criteria as laid down by the Nomination and Remuneration Committee of the Company. The individual's performance ‘and overall Company’s financial performance is also been considered while determining the said variable component. No employee received remuneration higher that of Managing Joint Managing Director during the year. Remuneration paid during the year ended March 31, 2018 is 2 per the Remuneration Policy of the Company, Statutory Reports Corporate Overview. Financial Statements‘Annual Report 2014-15 BALANCE SHEET (Standalone — Exel Subsidranes’) as at March 31, 2015 in Crores) see eee oR Saas eau ITY AND LIABILITIES 1) Shareholders’ Fund a) Share Capital 8500 500 ’ 396958 _— 3.64646 ©) Reserves and Surplus ee 2) Non-current Liabilities eee a) Deferred Tax Liabilities (Net) 5.09 D) Other Long:term Liabilities 5 tee ©) Long-term Provisions 6 =a 2) Current iaitties a a) Short-term Borrowings, 7 eure? ©) Trade Payabes, we, ©) Other Current Liabilities 9 25090 d) Short-term Provisions. 10 ese rabeal) aoe gosee Total aE ICA 4 assers 1) Non-current Assets a) Fired Assets f inase Tangible Assets 08 ‘intangible assets 2 m2 i) Capital workein-progress sey 8) Non-curent investments 8 ws ©) Longeterm loars and acvances % 1875 d) Other non-current assets 5 x ae A —_ as 2) Current Assets Inve nse . i 2) Current investments wn Py ames, Fra, nsz276) ) Trade receivables +o F2w ms 8 355.03 516.64 8 Conor ant oes » 2382 1995 ©) Shortterm leans an advances 20 7397 53.06 f) Other current assets a z : — ss oa Total Significant accounting policies — ne 4956.62 ‘The accompanying notes are an integral part of the finan [As per our report of even date, seanioia coe Ae? st ace eens ration be 3008 lara oe Gureoacounare ABS 1. Poor . ofthe Goad of recor per Kamal Agaval thigctony sd management | Parser I statements, RG. Kapadia PK. Kataky Membership No. 058652 J. Kumar ALK Mukherjee Secretary Directors 4Exide Industries Limited Ww STATEMENT OF PROFIT AND LOSS ; . LAP ARENAS Oe Nag fof sales, hunting (Rs. In Crores) 13-14 Particulars ote No ET za) INCOME: » Revenue from operations (Gross) 2 rata 79053 Revenue from operations (Net) /. Cr 0 Sore ne EY. YoY 2 2H = (AR- 4.287. yoy) cae a i itn 4237. wy won a ‘sonia a 2 GFobdanse (GFfpovss = Purenae faded goods : 3597 ane Increase in inventories of finished goods, work-in - progress and 25 (282.43) 105 + Employee benefits expenses 26 eg ae] é V) Profitbefore tax M19 Ye yoy ( ARS MA4?7-) i teem a8 Be00 wy Prose rrtnevear AM IZ% Yoy (AR - M2) 387 “5708 states) ia sole es AR ik ay 4 7 or 10-97. igen mbar 0 fora sare wag fae on behalf ofthe Board of Directors 2 5 per Kamal Agarwal R.G. Kapadia Partner PK Kataky Membership No, 058652 J. kumar AK. Mukherjee ‘Mumbai, Aprit 30, 2015, Secretary Directors Observation Not ableto pass raw waleral pre hike -fy euntowere <> Seen w lows growl i prof ws-a-vis Salec.My AnnualReport 201618 CASH FLOW STATEMENT : : forthe year ended March 3,205 , : Twrease, we worlews (Rs. In Crores) 7019-2014 (8) CASHFLOW FROM OPERATING ACTIVITIES: Net Profit before tax 79809 7.08 Adjustment for Depreciation and Amortsation C982 125.60 Profit on Fixed Assets sold CPL a) * (018) Loss on Fixed Assets Sold / discarded Pak o7 Dividend Income Ps, (a7), Interest Expense 19 Interest income 11923 (os3)___10227 Operating proft before viorki Ca Es ee 80535 3) aan) (nse) crease in Current Liabilities 56.44 (343.93) eat 38 Cash generated from operations 57379 arm Direct Taxes Paid (net of refunds) (24754) (22579) Net Cash from operating activities 326.25 646.95, (B) CASH FLOW FROM INVESTING ACTIVITIES: Purchase of Fixed Assets a >, (13520) Sale of Fixed Assets Pi tee Yo Pos Acquisition of Shares / units et soak (135.20) Redemption of units 066 - Purchase of Mutual Fund units (802.43) (1,341.00) Sale of Mutual Fund units Ra 1351.00 Interest Received oa 068 078 Dividend received } phot Noth 27 Net Cash used in investing activities , x (214.78) (434.27) (©) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from Short term Borrowing : __ Dividends Paid (ingugingtan) hue (16624) ole imerest Paid ayy fa? (038) Net Cash used in facing activities | “¥ {60 let increase in cash ané cash equivalents, +) Cash and cash"equivalents - Opghig Balance. «> Cash and cash equivalents - Closing Balance # ae tas disclosed in Note 19 : i: 7 aaaeeee 70 cores PY RSS Coes hngin Unclaimed Onidend Aco bEogthé aunt aaiabe foresee use ‘The accompanying notes are an integral part ofthe financial statements. As per our teport of even date. ‘S.RBatliboi & Co. LLP Registratior! Number, 301003E 5 7 +, Forand on behalf of the Board of Directors. Chartere nectar? : sa des bolts apt per saihatigaral ot ASS Rs cad Partner * = embership Wa: 083052 al ? sah Kumar ‘Mumbai, April 30, 2015 ‘ “Secretary“Trade (unquoted) Government Securti Government Securities (lodged as security deposits with various authorities) ot oot Equity Shares, Fully Paid up Shares in Subsidiary Companies | Chloride International Limited (480,000 shares of Rs. 10 each (PY 450,000 020 020 | Shares)) Chloride Power Systems & Solutions Limited (1,980,000 shares of Rs. 10 each 293 293 ! (Py 1,980,000 Shares)) Chloride Metals Limited (1,50,00,000 shares of Rs. 10 each (PY 150,00,000 34.65 3465 | shares) | Chloride Alloys india Limited (250,00,000 shares of Rs. 10 each (PY 250,00,000 137 137 shares) i Chloride Batteries S.£ Asia Pte Limited (7,000,000 shares of Singapore $ 1 each 1035 7035 (Pv 7,000,000 shares) Espex Batteries Limited (102,000 shares of GBP 1 each (PY 102,000 shares)) 078 078 Associated Battery Manufacturers (Ceylon) Ltd (3,896,640 shares of Sri Lankan 73 7 Rs, 10 each (PY 3,896,640 shares)) Non Trade (unquoted) +Itow Equity Shares, Fully Paid Up IN SUBSIDIARY COMPANY oN ‘etxie Lite Insurance Company Lite (17500,00.000 shares of Rs, 10 each (PY ten 5 +1,60,00,00,000 shares)) ayp) * Tabased &¢ 189 Oy tm Insuiamee bun in FYI. (Nespsive) So, core buniness Fusdivg Inowane avpirabont | Say: WW NOTES to Financial Statements as at and for the year ended March 31, 2015 ALL hey Weads of Tuvewtones incveased... 17, INVENTORIES Gittower of cost af net retsable value) a) Stores,spare parts, loose tools ete 2530 =e ®) [Raw materials and components including in tansit/ inn 36046 tying in bonded warehouse Rs, S812 Crores (PY Rs. 6267 Crores} ©) Worksin-progress : 46032 ee €) (Finished goods i046 seuss Add Excise Duty Be ses0 60926587 43433 ©) Trading Goods aes 152276 418557 18, TRADE RECEIVABLES (UNSECURED) (Rs. in Crores) TEEEDESIE March 31, 2014 | ) Outstanding for a period exceeding six months from the date they are due for payment Considered good 849 Doubtful 237 7886 | Less: Provision for doubtful debts 237 16.49 b) others Considered good 50015 50015 Total 516.64 (Refer Note no 33 for Related Party disclosure) 19. CASH AND BANK BALANCE (Rs. in Crores) | March 31, 2014 Cash and Cash Equivalents | a) oe banks on 1454 ») ee in hand eat ©) Unpaid Divident Yccount é 4 ees sn 395 which hawt Ae Cath Ftow aud amy Cash loahanegasat March 3, 2015 & Jus if where Duswvanee business WIL Show “p —fes.in cranes), Particulars Wits No. March 31,204 1 EQUITY AND LIABILITIES 4)" Shareholders’ rund a) share capital 2 8500 8800 Bb) Reserves & Surplus 3 37506. _3304.65. ; suo. 358.66" | ee : =e nS | 3). Non-Current Liabilities a) "Long Term Borrowings 5s 262 430 8) pele ates wed é ssa 1178 9), iter Longterm vais 7 | 550 593 &) Longete 3 34h 2692 ©) 3 750681 663897 S008. 3310 3 Lo poe __ as ys 8 82838 4) Current iabitities a). Short-term Borrowings » | 5136) 3018 8) ade payoies nt 1045.3 110u9 ; Ses07 96 | 3 Seaeaues 4 N et ie FEgrae qui hG tel = 2) Fixed Assets ue Capital workin: progress ear ») Goodwill on consolidation wv 58190 58190 | ©) Non-current investments | : 1 8 582435 as987 8 4483 3443 | 20 | 220159 278535, an | 199.05 "BL68 2 Ee 42 2B 33034 2019 % 4856 37933 Fy 26721 a8? } 2% 1646.35 130286 4) Trade receivables z | 68035, "558.42 @) Cash and bank balances: 2 3 20787 28682 f f) Short-term (oans and advances Bf 100.68 7613 30 35682 Other current assets -ant accounting policies The accompanying notes are an integral part ofthe financial statements {As per our report of even date. ‘SRBatliboi & Co. LLP Registration Number 301003E For and on behalf ofthe Board of birectors Chartered Accountants per Kamal Agarwal imei Partner i heey Membership No. 058652 Kumar Awmuiteree Mumbai, April 3, 2015 Secretary ee en et eeExide industries Limited Mr ‘CONSOLIDATED STATEMENT OF PROFIT AND LOSS for the year ended March 31, 2015, ees, Particulars is Tote No, PE 2018-14 THCOME: 1) Revenue from Operations (Gross) a 10,321.06 ee Less: Excise Duty Lees __79338 Revenue from operations (Net) “9353495 «8 308.85 W Otherincome 2 ees WM) Total Revenue __3.83030, _838195. 1) Expenses: Cost of raw material and components consumed af 4am, ae2ues Purchase of traded goods t nae Increase in inventories of fished goods, werkin‘pogtess and gg (69) trading goods t Employees benefit expenses | esa Finance costs: 2 Tet Depreciation and amortisation expenses a7 § 40.40 = | 2466.42 o 20516 Total Expenses 75657 759526 V) Profit before tax (87353 786.71 VW) Taxexpenses: / 4. Current tax (Includes provision for earlier years Rs. 170 Crores tated : (¥ net of reversal of excess provision fr earlier years Rs. 089 : 7583 mse Crores) i 2. MAT Credit entitlement i (053) - 3. Deferred tax (incluc wrge for earlier years Rs. Nil (PY | t | Defred ances char freer ar MLR 2 i se ores) 25720 2055 Vil) Profit for the Year 61633, 54616 Vu) Less: binorty terest 178, 150 1X). Net profit after taxes and minority imerest uss Earnings per share - Basic and Diluted (Nominal value Re. 1 per 723 at — share (PY Re. 1 per share)) Significant accountng policies 1 “The accompanying notes are an integral part ofthe financial statements As per our report of even dat ‘srepatibo’ & co. LLP Registration Number: 2010038 For and on behaf of the Board of Directors Chartered Accountants ber kamal Agarwat Partner Membership No. 058652 pa Mumbai, April 30, 2015, Secretary Statutory Reparts Corporate Overview Financial Statements— Omer Obsewahons - 1. Cove. business yet te iyprowe, so surprising to See wanagemenh Sperding tue on Insurance. 2. Capital allocation in core business Ian heen por wane past Sow Years, enon as Aweawa Raja War dove encoedmay welt. 3. Even has buswmess/sales showing recovery, waanginn geting wealer (FYIS mavgins Lowest ms © yvs). Possible comme — Pr ering precsuve 4. Business canned bistencatly Lowert Ro€, and pord ont Wahert ever oomaend - Seems aA © Sewnlle tiny to do to give away cash to Showelreldeys. Bt, twas vas alo wdrcate Driicloowe — No holdrugs. Pleate do en bavrewor. please | Date - 24/F/IS INDUSTRIES LIMITED REGISTERED OFFICE Exide Industries Limited Exide House, 99E Chowringhee Road, Kolkata 700 020 won exideindustries.com